Answer:
correct option is $0
Explanation:
given data
purchased truck = $270,000
transportation and calibration costs = $30,000
life = 20 years
financed period = 15 year
solution
we know here that some expenses like insurance and depreciation etc is allocated by systematic and the rational procedure for some period
so that during that period related asset is expected to provide the benefit
and acquisition of capital asset is not record as expenses
we know appropriate property and plant or the equipment assets account are debit on purchases
so that Depreciation expenses are recorded to reflect the allocation of costs of the asset to operation over service life of assets
so here correct option is $0
Answer:
The Journal entries with their narration is given below:-
Explanation:
The Journal entry is shown below:-
1. Account receivables Dr, $22,200
To Sales $22,200
(Being sales is recorded)
2. Cash Dr, $6,048
Service charge expense Dr, $252
($6,300 × 4%)
To Sales $6,300
(Being credit card sales is recorded)
3. Cash Dr, $11,600
To accounts receivable $11,600
(Being cash is recorded)
4. Accounts receivable Dr, $364
($22,000 - $11,600) × 3.5%
To Interest revenue $364
(Being finance charges is recorded)
The companies like Macy have to move to an Omnichannel strategy for selling their products because in Omnichannel strategy, products are sold through several distribution channels.
<h3>What is a distribution channels?</h3>
Distribution channel serves as the means by which companies make their products to be available to final consumer.
This channels encompass retailers as well as wholesaler, and in In omni channel, all the distribution channels are linked to each other.
Learn more about distribution channel at;
brainly.com/question/25630633
Answer:
Total amount= $2,055.38
Explanation:
Simple interest is defined as the amount that a lender charges the borrower for the funds collected. The borrower pays back the principal collected and the interest to the lender.
Simple interest is calculated as principal multiplied by time multiplied by interest rate.
Interest= principal * time * rate
Interest= 1,890* 2.5* 0.035
Interest= $165.375
Therefore total amount of money in the account is
Total amount= principal + Interest
Total amount= 1890+ 165.375
Total amount= $2,055.375~ $2,055.38
